- Significant experience of the project owner: UAB “Jore Home” has been operating in the market since 2024, however, the company’s shareholders have more than 15 years of experience in the real estate sector. Together with related companies – UAB “Jore Invest” and UAB “Vyčio slėnis” – they have implemented residential and commercial projects with a total development area exceeding 20,000 m².
- Experience with PROFITUS: The project owner already collaborates with the PROFITUS platform and has successfully completed two projects. Currently, two more projects under development are being financed through the platform.
- Attractive project location: The project is being developed in the western part of Marijampolė, on Vasaros Street – one of the fastest-growing areas of the city, distinguished by convenient access and well-developed infrastructure.
Interest rates based on investment amount:
– From 100 EUR to 299 EUR – 9.20%
– From 300 EUR to 749 EUR – 9.50%
– From 750 EUR to 2,999 EUR – 9.80%
– From 3,000 EUR to 9,999 EUR – 10.20%
– From 10,000 EUR – 10.60%
Important: separate investments are not combined and cannot be merged.
About the project:
UAB “Jore Home”, through the PROFITUS platform, purchased 9 land plots in Marijampolė, on Vasaros Street, for 191,000 EUR (excluding VAT). Some of the plots already had building permits issued. After the acquisition, the area was divided into 18 separate plots, for which new permits are currently being prepared.
The project foresees the construction of 18 semi-detached residential houses with partial finishing. Each duplex will have a total area of approximately 186 m², and the average planned sale price is 1,500 EUR/m² (excluding VAT). Sales are planned to be completed by Q1 2028.
The quarter will feature convenient infrastructure – designed access roads, landscaped public spaces, and easy connections with the city’s main roads. Construction works will be carried out by a related company, UAB “Vasaros namai”, which will hold the right to build on the land plots.
Loan information:
The loan will be repaid from the proceeds of the mortgaged property sales. Interest to investors will be paid from received advances. The total projected sales revenue of the project amounts to 5,022,000 EUR.
The maximum planned financing amount for the project is 2,000,000 EUR. The project will be financed based on the current valuation of the mortgaged property until the set maximum LTV ratio is reached. Once the maximum LTV is reached, a new valuation will be carried out, and further financing stages will be announced only if the maximum LTV is not exceeded.
The target amount is planned to be raised within 7 days, with a possibility to extend up to 30 days if the funds are not collected.
About the Profitus
Profitus is a crowdfunding and investment platform with a minimum investment of 100 euros. Profitus investments are secured by real estate mortgages, Your investment is secured by a first or second mortgage on the property, as well as by other collateral (e.g. a surety or guarantee). Transactions are managed through Lemonway, a regulated payment service provider.
Profitus is a crowdfunding and investment platform whose main goal is to make investment available to everyone. Investments start at 100 euros, and the platform is open 24/7. Investments are secured by pledging real estate and other collateral (e.g., indemnity or warranty). Different projects have different security tools that users can access in self-service for each project.
Profitus consults with the Bank of Lithuania in order to ensure perfect compliance with the law. Profitus operates with Lemonway, a regulated payment service provider.
